Asia/Pacific

Swissport completes debt for equity swap, HNA cedes control

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Swissport completes debt for equity swap, HNA cedes control

Swissport’s owner, struggling Hainan-based conglomerate HNA has agreed to a restructuring that will see €1.9 billion of debt to be converted into equity, or written off, while the airport services firm also receives an €900 million in additional liquidity Debt-holders have agreed that €1.9 b...

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